LONDON (Reuters) -Britain on Friday announced a package of sanctions aimed at Russia, including placing asset freezes on several directors of oil trading company Coral Energy Group, which is now known as 2Rivers Group. The wider package of sanctions targeted around 100 oil tankers from Russia’s so-called shadow fleet and was announced as leaders from …
UK sanctions directors of oil trading group over Russian ties Read More »
MILAN (Reuters) -Italy’s Mediobanca on Friday beat market forecasts with its quarterly results, but warned that risks posed by Banca Monte dei Paschi’s hostile takeover bid would increase if its own proposed merger with Banca Generali succeeded. Mediobanca said last month it planned to acquire asset manager Banca Generali and bring wealth management revenue to …
Italy’s Mediobanca beats profit forecasts as it fights off MPS bid Read More »
(Reuters) -British landlord LondonMetric agreed to buy Urban Logistics REIT on Friday in a deal valuing the property investment firm at 698.9 million pounds ($924.99 million). Under the deal, Urban Logistics shareholders will receive 0.5612 newly issued LondonMetric shares plus 42.8 pence in cash for each share held, valuing its stock at 150.3 pence apiece. …
LondonMetric to buy UK’s Urban Logistics REIT in $925 million deal Read More »
LISBON (Reuters) -EDP Renovaveis, the world’s fourth largest wind energy producer, said on Thursday its first-quarter net profit fell 24%, despite a solid revenue increase, as it did not make any capital gains in the period unlike a year earlier. The renewables arm of Portugal’s EDP said net profit fell to 52 million euros ($58.78 …
Wind energy firm EDPR’s profit falls 24% despite strong revenues Read More »
(Reuters) -Belgian postal operator Bpost reported 1.12 billion euros ($1.26 billion) in operating income for the first quarter on Friday, meeting market expectations, driven by the integration of logistics firm Staci. France-based supplier Staci, acquired by the Belgian group in August 2024, contributed 199 million euros to the company’s operating profit in the first quarter …
Bpost reaffirms 2025 outlook; first-quarter income meets estimates Read More »
By Naomi Rovnick LONDON (Reuters) -Investors are betting on long-depressed UK markets as a U.S. trade deal, rate cuts and hopes for renewed links with Europe spur optimism for a revival as they search for alternatives to a volatile Wall Street and flailing dollar. Britain’s FTSE 100 share index completed its longest daily winning streak …
Scarred UK assets soothed by US trade pact, BoE rate cuts Read More »
A look at the day ahead in European and global markets from Kevin Buckland Without doubt, markets are more optimistic now about a thaw in global trade tensions than they were two weeks ago, when the administration of U.S. President Donald Trump first started hinting at a de-escalation with China. But whatever hopes there are …
Morning Bid: US-China talks stir hope, and scepticism Read More »
By Andrea Shalal, Alistair Bell and Andrew MacAskill WASHINGTON/LONDON (Reuters) -U.S. President Donald Trump and British Prime Minister Keir Starmer on Thursday announced a limited bilateral trade agreement that leaves in place Trump’s 10% tariffs on British exports, modestly expands agricultural access for both countries and lowers prohibitive U.S. duties on British car exports. The …
Trump, Starmer hail limited US-UK trade deal, but 10% duties remain Read More »
OSLO/LONDON (Reuters) -Britain will sanction up to 100 oil tankers from Russia’s so-called shadow fleet, seeking to step up pressure on Moscow in the war with Ukraine as leaders from the Joint Expeditionary Force (JEF) security alliance meet in Norway on Friday. The vessels carried cargo worth over $24 billion since the beginning of last …
UK sanctions up to 100 Russian tankers as N. European leaders meet in Norway Read More »
(Reuters) -Citigroup said on Thursday it may record devaluation on its Russian ruble-denominated assets in earnings. Citigroup, which had previously announced it was ending all institutional banking services in Russia, had Russia-related exposures of $2.0 billion and total clients’ exposures of $9.0 billion as of the first quarter of 2025, according to the filing. Its …
Citi may record devaluations on ruble-denominated assets Read More »
